Founded in 1921 by five black businessmen, Citizens Trust Bank is considered a medium-sized bank. The institution became First National Bank of Smithfield before merging with Citizens National Bank to become First and Citizens National Bank. , In October 2019, the company announced plans to open a new branch in Ocala, Florida.. The bank, Johnston County’s first, was founded by Allen W. Smith who remained president until 1906. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. A Bigger Bank Serving More Communities  In 2018, the company announced plans to open a new branch near the Village of Fenney, further expanding southward. , In 2019, Coral Gables, Florida, based financial rating agency, Bauer Financial, gave Citizens First Bank a five-star rating. This page was last edited on 12 October 2020, at 07:38. First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina. These acquisitions greatly expanded our footprint throughout New England and into the Mid-Atlantic and the Midwest, transforming us from a local retail bank into one of the largest retail U.S. bank-holding companies with nearly $170.0 billion in assets at the start of the global financial crisis. At the time of purchase, the branch had about $35 million in deposits. Along the way, one thing has never changed: We are committed to serving the well-being of our customers and the communities.  In 2017, Citizens First Bank sold its Leesburg, Florida branch to a real estate developer and moved to a newly built location.  Citizens First Bank also created a scam prevention program called Fraud Busters. , In May 2020, Citizens First Bank was named number 24 out of 25 for banks with more than $1 billion in assets in the Independent Community Bankers of America's Best of the Best.  The company has been noted for its customer service, particularly offering amenities such as lobby hosts and popcorn to customers. , Citizens First Bank has been involved in numerous community outreach efforts over the years, including homebuilding partnerships with Habitat for Humanity, scholarship donations to the Buffalo Scholarship Foundation, and participation in local events such as the Villages Charter School Annual BBQ Bash, Bless Fruitland Park's Love Week and The Villages Relay for Life. Bank & Thrift Branch Deals - Sales/Divestitures*, © Copyright 2020 Citizens Financial Group, Inc. All rights reserved. The company plans to build a 45,000 square-foot administrative building on the land. …  Citizens First Bank was created by Harold Schwartz, the founder of The Villages. " In 2001, the bank moved their headquarters from Lady Lake, Florida to The Villages, Florida. If you are the site owner (or you manage this site), please whitelist your IP or if you think this block is an error please open a support ticket and make sure to include the block details (displayed in the box below), so we can assist you in troubleshooting the issue. , In 2019, news broke of the bank's plans to build a new headquarters in Wildwood, Florida. Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $179.2 billion in assets as of September 30, 2020. Citizens First Bank offers wealth and investment management services under the name Citizens First Wealth Advisors. Checking accounts, savings accounts, IRAs, CDs, credit cards, and mortgage loans. Our history dates back to High Street Bank, founded in 1828, which established Citizens Savings Bank in 1871.  It holds more than $2 billon in assets and is insured by the Federal Deposit Insurance Corporation. Since its inception in 2009, the program has saved customers nearly $1 million by stopping scam-related activity.  A 2014 report claimed that over 72 percent of residents in The Villages, Florida banked with Citizens First Bank. Citizens Trust Bank has nine total branches in Alabama and Georgia. Our history dates back to High Street Bank, founded in 1828, which established Citizens Savings Bank in 1871. , Citizens First Bank Lake Sumter Landing Branch, "Citizens First Bank of The Villages, FL Reviews and Ratings - Bankrate.com", "Local Population Boom Creates Frenzied Financial Market", "Gary Morse's granddaughter named president of Citizens First Bank", "Citizens First Bank Moving and Branching Out", "Citizens First Bank Branch Rings in 2 Years", "Citizens First Plans Facility in Wildwood", "Wildwood officials OK $3 million offer from Citizens First Bank on controversial property", "Scholarship Opportunies for Buffalo Scholarship Foundation Students", "Friends gather at Spanish Springs to sample fare at BBQ Bash", "Citizens First bank hosts event to support Love Week", "Bauer Financial Bank Ratings: Citizens First Bank", https://en.wikipedia.org/w/index.php?title=Citizens_First_Bank&oldid=983102558, Creative Commons Attribution-ShareAlike License. In November 2015, Citizens Financial Group (NYSE: CFG) became a fully independent publicly-traded company, just over a year after the successful completion of the largest commercial bank initial public offering (IPO) in U.S. history.  In January 2019, the Wildwood City Council accepted a $3 million offer for an 18-acre parcel of city-owned land. (NMLS ID# 433960). Cynthia N. Day; President and CEO, 52, assumed the presidency of the Company and Citizens Trust Bank in 2012.  As of 2020, Citizens First Bank has 12 branches throughout Central Florida.  This performance-driven culture is designed to enhance our competitiveness by rigorously analyzing the risk-return profiles of our diversified businesses and selectively investing in those that are well positioned to gain market share, improve efficiency and generate long-term growth and sustainable profitability. Citizens First Bank is owned and operated by Villages Bancorporation, Inc. As of 2020, the bank had over 300 employees, twelve branch locations, and over 60 ATMs throughout Central Florida. Improved deposit mix to include a greater percentage of lower cost and more stable demand, checking, money market and savings accounts, and reduced our reliance on wholesale funding. It’s yours. Citizens Trust Bank is a black-owned bank headquartered in Atlanta, Georgia with assets totaling $429 million. (In 1948, it became Citizens Trust Co.) [Citizens Savings Bank bought a controlling interest in its original parent.  Citizens First Bank operates mainly in The Villages, Florida, with branches in the surrounding communities of Leesburg, Florida and Fruitland Park, Florida. Following our acquisition by RBS Group in 1988, we grew rapidly, largely through a series of over 25 strategic bank acquisitions as highlighted below. Citizens First Bank operates mainly in The Villages, Florida, with branches in the surrounding communities of Leesburg, Florida and Fruitland Park, Florida. Because when it comes right down to it, Citizens is not really our bank.  According to Schwartz, the bank was, "created specifically to fill the needs of our community and to conscientiously and joyously serve our Villages residents in every possible way.  The bank has a primarily older clientele, composed mainly of retirees and seasonal residents. NCB formally commenced business in 1970. Built on the principle that we succeed only when our customers succeed, Citizens Financial Group, Inc. is one of the oldest and largest financial services firms in the United States.  Lindsey M. Blaise, granddaughter of Villages founder Gary Morse, has served as President & CEO since 2019.  In 2020, during the coronavirus crisis, Citizens First Bank successfully secured $105 million in Paycheck Protection Program funds for small businesses in the area. By 1981, we had grown to 29 branches in Rhode Island with approximately $1.0 billion of assets. Citizens now embarks on a new and exciting chapter as we aspire to become a top-performing regional bank. , Originally founded as First Bank of the Villages in 1991, Citizens First Bank was renamed in 1998. , In 2018, Citizens First Bank purchased a branch office from CBC National Bank in The Villages, FL. In 1988 we became a wholly-owned subsidiary of the RBS Group.  In 2018, Citizens First Bank sponsored the construction of a home in Lady Lake, Florida, in partnership with Habitat for Humanity of Lake-Sumter.  Citizens First Bank is the tenth largest bank in the state of Florida. Access from your Country was disabled by the administrator. Citizens First Bank is a community bank that was founded on July 1, 1991, and is headquartered in The Villages, Florida. On March 1, 1898, the Bank of Smithfield, now known as First Citizens Bank, opened for business. Securities and Insurance Products are: • NOT FDIC INSURED • NOT BANK GUARANTEED • MAY LOSE VALUE • NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY, T: 4 Branches & Commercial Banking business of State Street, High Street Bank. Following the global financial crisis, we undertook a number of decisive steps to reposition and strengthen our business profile, including: In the years since the global financial crisis we have brought together a seasoned management team with an average of over 24 years of banking experience at large financial institutions. In 1988 we became a wholly-owned subsidiary of the RBS Group. On September 13, 1993 the Central Bank of Trinidad and Tobago merged three government-owned entities, National Commercial Bank (NCB), the Trinidad Co-operative Bank (TCB), and the Workers' Bank to form First Citizens Bank. The company also announced plans to open a new branch in Fruitland Park, Florida that year. bankiful.com/black-owned-banks/citizens-trust-bank-review/, Mozilla/5.0 (Windows NT 6.3; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/83.0.4103.116 Safari/537.36.  As of 2018, Citizens First Bank had a market share of over 51 percent in The Villages. , In June 2020, DepositAccounts.com named Citizens First Bank one of its Top 200 Healthiest Banks of 2020. The team is focused on delivering improved returns, through a strong focus on organic growth and efficiency initiatives, along with a more disciplined allocation of capital and resources. The bank also began operating a branch in Clermont, Florida in 2007, but later closed it. By 1981, we had grown to 29 branches in Rhode Island with approximately $1.0 billion of assets. ], Gulf States Mortgage Company, Atlanta (GA).  The bank also began operating a branch in Clermont, Florida in 2007, but later closed it. Citizens Bank is a brand name of Citizens Bank, N.A. Citizens First Bank is owned and operated by Villages Bancorporation, Inc. As of 2020, the bank had over 300 employees, twelve branch locations, and over 60 ATMs throughout Central Florida. Citizens had three acquisitions in different decades that helped shape the momentum of the Company prior to a period of rapid growth which began in 1988, the year Citizens Financial Group, Inc. was acquired by The Royal Bank of Scotland Group.